I just stumbled on an article which probably was written by some smart people: "5 Defensive dividend stocks that want to pay you more money". The stocks are CL, CPB, EMC, PCAR and TJX. These stocks must have a very solid track record, otherwise they would not be classified as "defensive" and dividend payouts are probably occurring on a regular basis. Hence, it is not surprising to observe a stable upward sloping price chart. This logic can be reverse-engineered with the Warren machine: calculate the stability of an upward sloping price chart and do your fundamental homework. It should not be surprising if the companies with the most stable stock prices have sound balance sheets, great services and products and pay a dividend regularly. The Warren Machine confirms CL (if you don't like to invest in the indian Marisco), EMC, PCAR and TJX. The better alternative according to the machine is GIS for CPB. Try it out yourself!

Bill Gates is preserving his wealth by diversifying into other great companies next to Microsoft. His recommended holdings include Wal-Mart, Waste Management, Caterpillar and Canadian National Railway. Check the /Warren Machine for confirmation and alternatives.